What a bloodbath
SVB announced a $2.25B capital raise and sale of almost all of their securities for a loss. This has shaken the bank industry.
Investors may also be wondering what kind of negative impact and effect will the Fed’s aggressive rate hike campaign has on the financial system and world.
Selling accelerated throughout the day to sum up a bloodbath Thursday.
Investors may also be wondering what kind of negative impact and effect will the Fed’s aggressive rate hike campaign has on the financial system and world.
Selling accelerated throughout the day to sum up a bloodbath Thursday.
From YouTube
$SVB Financial(SIVB.US$ $Bank of America(BAC.US$ $Wells Fargo & Co(WFC.US$ $Financial Select Sector SPDR Fund(XLF.US$ $Spdr S&P Bank Etf(KBE.US$ $Morgan Stanley(MS.US$ $JPMorgan(JPM.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Dow Jones Industrial Average(.DJI.US$ $iShares Russell 2000 ETF(IWM.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$
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Expendabiggles : Banks are collapsing but FED cannot stop raising rates because of inflation so all this destruction is their doing.
MonkeyGee : let's increase the interest rate! That will solve everything. what the government is not telling you is that the federal deficit interest payment also increase with the increased interest rate. wonder who's going to default first the banks or the government? stupid economist!
Riding Star : Increase Interest rate kill all house loan, business loan, car loan, personal loan and whatever loan. All burst. Bank will burst too.
Riding Star : It will stop at around $40
williamlow85 : Do you have Instagram ?
RVLTN : Let’s keep giving billions to the proxy war that is assured to end in a nuclear exchange! Fekn geniuses running the end of empire America wtf
i short the sheriff : uh..oh ..arghh !
Mcsnacks H Tupack Expendabiggles: Don't be dense. Banks can't collapse. They are too big too fail and they know it so they take risks they shouldn't because they will always be rescued. They needed to cut the stock down in order to increase their profits.
Mcsnacks H Tupack Riding Star: It's at bottom. Will move sideways after a run up to $110 tomorrow and a pullback to $100.
Mcsnacks H Tupack MonkeyGee: Neither. Digital Currency is going to solve the deficit. The fiat dollar will no longer exist as an accepted monetary payment after January 2025.
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